Shanghai Industrial Urban Group Reports H1 2024 Loss
Company Announcements

Shanghai Industrial Urban Group Reports H1 2024 Loss

Shanghai Industrial Urban Development Group Ltd (HK:0563) has released an update.

Shanghai Industrial Urban Development Group Ltd has released its interim financial results for the first half of 2024, revealing a loss before tax of HK$65,932 and a comprehensive expense of HK$655,087 for the period. The report indicates a decrease in gross profit and a significant other comprehensive expense mainly due to exchange differences and fair value losses. The company’s performance reflects challenges despite a rise in total revenue compared to the same period in 2023.

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